508 College StNarrowsVA24124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Narrows at 508 College St, Narrows, VA, 24124 priced at $178,200 pairs $1,421/mo rent with $356/mo cash flow after a $872/mo payment. Total monthly income equals $1,421/mo, and annual cash flow comes to $4,271/yr on $59,073 invested. Return on cash invested is 27.14% in year one, and rental yield stands at 9.57% on a $178,200 basis. Equity gained on principal adds $1,150/yr, and 5% annual appreciation accumulates to $49,233 by year five. Five-year ROI measures 141.33% and total cumulative return in cash reaches $83,488. For financing, Ziffy Mortgage’s DSCR program evaluates $1,421/mo property income against a $872/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24124, Narrows, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,193 (100%) |
| Owner Occupied HU | 1,387 (63.2%) |
| Renter Occupied HU | 495 (22.6%) |
| Vacant Housing Units | 311 (14.2%) |
| Median Home Value | $134,464 |
| Average Home Value | $210,771 |
Housing Distribution
Address Breakdown
Residential
1,883
Single Family
1,878
Multi-Family
5
Businesses
90
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